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Salon Gets More Cash From Adobe

Updated March 11, 2002 5:38 p.m. ET

Salon Media Group Inc., San Francisco, said that Adobe Systems Inc. has invested $500,000 in the online publisher, bringing the software maker's total investment to $3.75 million. Adobe founder and chairman John Warnock joined Salon's board of directors last August, when he participated in an investment round of $2.5 million. Salon (www.salon.com), like other online publishers, has been hurt by the a deep advertising slump and has started charging subscription fees for access to some areas of its site. In its last quarterly earnings report, Salon reported a net loss of $1.4 million for third quarter, compared with a...